Real Estate Pune

Real Estate Pune

by Amitabh Kumar

Pune has emerged as one of the fastest growing Industrial and IT automation sector in India. The city has seen large growth in the past couple of years in the real estate sector. Pune properties continue to make rapid strides.

With the ongoing developments in Pune property sector, the city is rightly called a benchmark for IT companies and other business centers. It is also a hub for small companies. The strategic location of the city has also given a push to real estate Pune.

Increasing population in Mumbai has encouraged a number if business houses to shift gears towards Pune as their top notch location. Companies nowadays are in a look out for the locations with great scope of development and low capital market. And, Pune and its real estate market offer both. This is what attracts businesses. Investing in Pune property market and areas surrounding Pune, is worth an idea as the city is already coming up as the investors' apple of eye.

Many Indians and NRI's are eyeing Pune properties for making investments. Some hot locations in the city offer service apartments and plots or flats. Other fast flourishing real estate projects in Pune are NIBM, Hinjewadi, Kalyaninagar, Aundh, Bund Garden, Vimannagar and Koregaon Park. Hinjewadi, located in the Western Suburbs of Pune, is witnessing major real estate activities. This is primarily due to the presence of IT Park including the IT majors such as Infosys, Wipro, and Cognizant.

Hinjewadi sees the entry of new players every month. This has given a push to rental accommodation in this area and also surrounding areas like Aundh, Baner, Bhugaon, Pune University.

The real estate boom in Pune is indicative of favorable developments in the city and its economic growth. With such an ongoing scenario, Pune is rightly known as the Tech City.